Light Reading
Acquisition and funding helps App Annie further advance app analytics and market data platform.

App Annie Acquires Distimo, Raises $17M

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5/29/2014
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SAN FRANCISCO -- App Annie, the leading provider of app analytics and market data, today announced it has both acquired Distimo, a mobile analytics company, and raised a new $17 million round of funding. The addition of Distimo to the App Annie team brings together the best brains in the mobile app data space, helping App Annie to accelerate its product roadmap and keep developing the most advanced platform for analyzing the mobile app ecosystem. This is App Annie's first acquisition and was made with a combination of cash and equity at undisclosed terms.

App Annie's products and services are mission-critical for the world's largest companies, including 90 percent of the top 100 app publishers by revenue. Pre-acquisition, over the last year App Annie tripled its headcount, and together with Distimo now has nearly 600,000 apps relying on their analytics platform with a total of nearly 270,000 registered business users.

"We started this company during the app ecosystem's infancy and our mission has always been to provide our users and customers with the best metrics and insights to run their app business," said Bertrand Schmitt, CEO of App Annie. "Having been a part of the mobile app ecosystem since its inception, this acquisition represents a major milestone in App Annie's growth, and it allows us to accelerate our product roadmap. We look forward to integrating the talented Distimo team and are excited about what they can achieve within the App Annie fold."

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